FirstEnergy (FE) Q2 Earnings Meet Estimates

A quarter ago, it was expected that this utility company would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of 3.77%. FirstEnergy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $3.28 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 5.58%. This compares to year-ago revenues of $3.01 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. Fir ...